Ares Management (ARES) came out with quarterly earnings of $1.23 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.65%. A quarter ago, it was expected that this private equity firm would post earnings of $0.94 per share when it actually produced earnings of $0.95, delivering a surprise of 1.06%.Over the last four quarters, t ...

Financial Performance - GAAP net income attributable to Ares Management Corporation was $177.3 million for Q4 2024 and $463.7 million for the full year 2024[11]. - Fee Related Earnings for Q4 2024 were $396.2 million, reflecting a 7% increase from Q4 2023[14]. - After-tax Realized Income per share of Class A and non-voting common stock was $1.23 for Q4 2024, a 2% increase from $1.21 in Q4 2023[14]. - Total revenues for Q4 2024 were $1.26 billion, compared to $1.05 billion in Q4 2023, marking a significant increase[13]. - Realized income increased by 10% in Q4-24 to $529.1 million, and by 17% for FY-24 to $1.7 billion[54]. - Fee related earnings for the year ended December 31, 2024, reached $1,568,157 thousand, up from $1,317,012 thousand in 2023, indicating a year-over-year increase of 19.1%[72]. - After-tax realized income for the quarter ended December 31, 2024, was $434,685 thousand, compared to $400,382 thousand in Q4 2023, reflecting an increase of 8.6%[74]. - The realized income per share for Q4 2024 was $1.30, slightly up from $1.26 in Q4 2023, marking a 3.2% increase[74]. Assets Under Management (AUM) - Total Assets Under Management (AUM) reached $484.4 billion, with Fee Paying AUM (FPAUM) at $292.6 billion[11]. - Assets Under Management (AUM) as of December 31, 2024, reached $484.4 billion, marking a 16% increase from the prior year, while FPAUM increased by 12% to $292.6 billion[17][18]. - AUM Not Yet Paying Fees was $95.0 billion as of December 31, 2024, reflecting a 28% increase from the prior year[30]. - Perpetual Capital as of December 31, 2024, was $133.6 billion, representing a 28% increase year-over-year[22]. - Available Capital as of December 31, 2024, was $133.1 billion, a 19% increase from the prior year, driven by commitments to U.S. and European direct lending and real estate debt strategies[29]. - The total AUM as of Q4-24 was $484.4 billion, with Credit accounting for $348.8 billion, Real Assets $75.3 billion, Private Equity $24.0 billion, and Secondaries $29.2 billion[84]. Capital Raising and Deployment - Ares raised $28.3 billion in gross new capital for Q4 2024 and $92.7 billion for the full year 2024, with capital deployment of $32.1 billion and $106.7 billion respectively[11]. - Total gross capital deployment in Q4 2024 was $32.1 billion, compared to $24.0 billion in Q4 2023, and for FY 2024, it was $106.7 billion, up from $68.1 billion in FY 2023[46]. - Gross new capital commitments for Q4 2024 totaled $28.3 billion, with a full year total of $92.7 billion, reflecting significant equity and debt commitments across various funds[16]. - Capital deployment by drawdown funds was $14.0 billion in Q4-24, a decrease of 9% from $15.4 billion in Q4-23, while deployment by perpetual capital vehicles increased to $17.2 billion from $8.2 billion, a growth of 109%[48]. - Gross capital deployment totaled $25.8 billion in Q4-24, representing a 25% increase from $20.7 billion in Q4-23, and $87.6 billion for FY-24 compared to $70.5 billion in FY-23[50]. Management Fees and Earnings - Management fees for Q4 2024 were $779.2 million, up from $697.8 million in Q4 2023, representing an 11% increase[13]. - Management and other fees increased by 14% in Q4-24 to $585.6 million, compared to $514.7 million in Q4-23, and by 17% for FY-24 to $2.2 billion[50]. - The effective management fee rate remained stable at 1.02% for both Q4 2024 and Q4 2023[14]. - Fee related performance revenues for FY 2024 were $231.5 million, primarily generated from U.S. and European private equity secondaries strategies[42]. - Fee related earnings increased by 18% in Q4-24 to $39.2 million, and by 21% for FY-24 to $126.2 million, driven by management fees and net fee related performance revenues[68]. Investment Performance - The Credit Group reported net returns of 2.3% for Q4 2024 in the alternative credit strategy, and 7.8% for the full year 2024[112]. - The U.S. senior direct lending strategy achieved net returns of 2.3% for Q4 2024 and 9.3% for FY 2024[112]. - The European direct lending strategy reported net returns of 2.1% for Q4 2024 and 9.0% for FY 2024[112]. - The APAC credit strategy delivered net returns of 3.2% for Q4 2024 and 9.4% for FY 2024[112]. - Total performance income-realized from consolidated funds was $275.25 million for Q4 2024, compared to $226.33 million in Q4 2023, reflecting a 21.6% increase[109]. - The carried interest allocation for Q4 2024 was $196.17 million, significantly up from $76.75 million in Q4 2023[109]. Strategic Initiatives - Ares completed the acquisition of Walton Street Capital Mexico, increasing AUM by $2.5 billion[11]. - The company plans to continue expanding its market presence through strategic acquisitions and new product developments[110]. - The overall investment performance reflects a strong recovery and growth trajectory, positioning the company favorably for future opportunities[110]. - The company has a focus on expanding its managed accounts and commingled funds that meet perpetual capital criteria[126]. - Future strategies may include further development and distribution of investment offerings through the OMG[125].

Core Viewpoint - Analysts forecast Ares Management (ARES) will report quarterly earnings of $1.29 per share, reflecting a year-over-year increase of 6.6%, with revenues expected to reach $1.22 billion, a 28.5% increase compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised upward by 0.9% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3]. Key Financial Metrics - The consensus estimate for 'Financial Details Segments- Other fees' is $25.42 million, showing a year-over-year change of +15.8% [5]. - 'Financial Details Segments- Fee related performance revenues' is forecasted to reach $179.58 million, indicating a +3.5% change from the prior year [5]. - 'Financial Details Segments- Management fees' is expected to be $786.26 million, reflecting an 11.8% year-over-year increase [6]. - 'Realized Income- Secondaries Group' is projected at $26.77 million, indicating a decline of -20.9% from the previous year [6]. FPAUM and AUM Estimates - Analysts estimate 'FPAUM Rollforward - Ending Balance - Total' at $299.03 billion, up from $261.69 billion year-over-year [7]. - 'FPAUM Rollforward - Ending Balance - Credit Group' is expected to reach $213.65 billion, compared to $176.79 billion last year [7]. - 'FPAUM Rollforward - Ending Balance - Private Equity Group' is projected at $12.87 billion, down from $21.61 billion year-over-year [8]. - 'AUM Rollforward - Ending Balance - Total' is anticipated to be $478.70 billion, compared to $418.85 billion last year [9]. Stock Performance - Ares Management shares have increased by +10.8% in the past month, outperforming the Zacks S&P 500 composite, which rose by +2.9% [11].

Over the past few years, Ares Management (NYSE: ARES ) has become one of the undisputed leaders in private credit. Today, with more than $450 billion in AUM allocated to various credit strategies, it is in a unique position to take advantageWe focus on special situations and deep value plays. We are open to L/S positioning that allows us to capture inefficiencies both on the upside and downside. For the long positioning, we like to spot asymmetric opportunities where the downside is relatively limited and t ...

Capital and Strategic Growth - Form Technologies has received $304 million in new equity capital, including $154 million of common equity from investors like Ares, D E Shaw group, and Onex Credit, and $150 million of preferred equity from D E Shaw group and Ripple Industries [1] - The new capital will support deleveraging and accelerate the company's strategic growth initiatives, including investments in operational capabilities and commercial strategy [1] Company Overview and Market Position - Form Technologies operates 32 facilities across 22 countries, serving nearly 2,000 customers in key markets such as automotive, aerospace, healthcare, and enterprise technology [2] - The company specializes in precision-engineered components, producing over five billion high-precision components annually with expertise in die casting, investment casting, and metal injection molding [4] - Form Technologies has strengthened its commercial organization and expanded its customer base through differentiated solutions and engineering excellence [2][3] Leadership and Strategic Vision - CEO David Angell highlighted the company's strategic repositioning over the past two years, solidifying its position as a global leader in precision-engineered parts [3] - Ares Management, a major investor, expressed confidence in Form Technologies' leadership and its ability to address the growing needs of its diversified customer base [3] Financial and Legal Advisors - Jefferies LLC served as financial advisor and Kirkland & Ellis LLP as legal counsel to Form Technologies [3] - Evercore acted as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel to Ares Management [3]

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Ares Management (ARES) , which belongs to the Zacks Financial - Investment Management industry, could be a great candidate to consider.This private equity firm has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 1.04%.For the mo ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores sy ...

In this articleARESGLPIWMTA Walmart Supercenter during Walmart's multiweek Annual Deals Shopping Event in Burbank, California, on Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesInvestors can benefit by creating a diversified portfolio of growth and dividend stocks, enhancing their overall returns through capital appreciation and regular income.With the Federal Reserve slashing interest rates by another 25 basis points, several investors are looking for lucrative dividend picks as the attra ...

Ares Management (ARES) is a Zacks Rank #5 (Strong Sell) after the company beat the Zacks Consensus Estimate when the last reported on November 1. The company is a global alternative asset manager that has four investment groups that invest in the tradable credit, direct lending, and private equity and real estate markets. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.Description                        Ares Management engages in the provision of invest ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-36429 ARES MANAGEMENT CORPORATION (Exact name of Registrant as specified in its charter) Delaware 80-0962035 (State or o ...